Financial Transaction Entry
A customized bookkeeping system will be created for
your business and your business transactions will be
entered into the system. Most of the transactions can be
entered from your bank statements.
More information is sometimes needed, however, to
properly classify bank statement items, petty cash
transactions, or auto expenses. That’s where
supporting documents, such as deposit slips, paid
invoices or receipts with accompanying proof of
payment, and mileage logs recorded according to IRS
guidellines come into the picture.
For retail establishments, for interim accounting
periods prior to year end, ending inventory and cost of
goods sold can be determined without taking a physical
count by using the “Gross Profit Method” or the “Retail
Trial Balance & Financial Statements
Periodically, as you specify (such as quarterly), the books will
be closed , a trial balance prepared, then financial statements
Periodic review of financials is an effective and necessary tool
to grow revenues, control costs, and manage debt.
Whether you own a retail or wholesale business, a
manufacturing business, or a service business, we have the
expertise you need to keep your books competently and do
your tax returns right.
Payroll & Payroll Tax Deposits & Reports
Payroll can be prepared “live” by JournalWorx serving as
your payroll person to perform this function for you, or we
can input the payroll information for you into the
bookkeeping system “post-payroll”, meaning after the
payroll function has been performed by your employee.
Payroll tax deposits and reports can be made for you by
JournalWorx or we can advise you when tax deposits
should be made and reports filed.
Federal & State Tax Returns
Federal and State Income Tax Returns can be prepared
and filed for you. If JournalWorx is managing your
bookkeeping you will receive a discount off the regular
price of return preparation.
State sales tax returns may be prepared and filed for
your business, also.
The Complete Bookkeeping &Tax Solution for Your Business